Sumit Desai

Bandhan Bank

Bandhan Bank Limited was incorporated on December 23, 2014 as a wholly-owned subsidiary of Bandhan Financial Holdings Limited, owned by Bandhan Financial Services Limited (BFSL), the largest microfinance organization in India. Its public shareholders include International Finance Corporation (IFC), SIDBI, Caladium Investment Pte. Ltd. (a company managed by GIC Special Investments Private Limited), Bandhan Employees Welfare Trust & a few individuals. Bandhan Bank started with a capital base of ₹2,570 crore & this has been raised to ₹3,334 crore as on March 31, 2016. This translates into more than 29.01% CAR for the new bank, signifying its robustness. It started with 501 branches, 50 ATMs & 2,022 Doorstep Service Centres (DSCs) on day 1. Presently, Bandhan Bank has 6,000 banking outlets pan-India serving 3 crore customers. The Bank has mobilised deposits of ₹1,08,069 crore and its total advances stand at ₹1,09,122 crore taking the total business to ₹2,17,191 crore as on March 31, 2023. The Bank has a team of 69,702 employees on roll. Bandhan Bank is driven by a constant desire to serve better. The Kolkata-headquartered Bank has two divisions - micro banking & general banking, offering a suite of retail financial solutions, including a variety of savings & loan products. Bandhan Bank seeks to offer world-class banking products & services to urban, semi-urban & rural customers alike. It is a Bank for all but the focus remains unchanged to meet the financial needs of people who are overlooked by the formal banking system & create better education, health care & self-employment opportunities. In sync with the philosophy of ‘Aapka Bhala, Sabki Bhalai' and keeping financial inclusion at the heart of it, Bandhan is committed to providing a host of products & services, competitively at par with India's top private bank.